Croatan Investments and Joint Venture Partner, FCP, announces the sale of The Clarion in Decatur, GA to Gamma Real Estate. The 217-unit apartment community is located within the densely populated Decatur submarket surrounded by established residential neighborhoods and proximate to downtown Decatur, Midtown and Buckhead.
Croatan engaged FCP in recapitalizing a prior partnership in May 2016. In the past two years, the ownership group completed extensive renovations to individual units along with improvements to the building exteriors, common areas and community amenities.
Croatan and FCP extend their appreciation to Nathan Swenson and Travis Presnell of Cushman & Wakefield for their representation in the sale.
About Croatan Investments
Croatan Investments is a privately-held investment firm focused on multifamily real estate. The company pursues investments with excellent intrinsic value and the goal of creating and preserving the wealth of its high-net-worth investors and institutional partners.
With a seasoned team of real estate, construction, and project management professionals, Croatan combines specialized multifamily asset experience and market knowledge to opportunistically invest across each stage of the market cycle.
Croatan is headquartered in Virginia Beach with operations in Atlanta, Austin, and Singapore. The Croatan portfolio currently includes multifamily assets across the Mid-Atlantic and Sun Belt.
FCP℠ is a privately held real estate investment company that has invested in or financed more than $6 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and mezzanine investments in income- producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. For further information on FCP, please visit www.fcpdc.com.